Showa Denko K.K. (SDK; Tokyo, Japan; www.sdk.co.jp) has decided to acquire all shares of the GMM Group, a specialty non-stick coating chemicals manufacturing company headquartered in Hong Kong, China, and concluded a stock purchase and sale agreement with GMM.
GMM operates non-stick coating chemicals business mainly in the field of consumer goods, including cookware, bakeware, and various home electrical appliances. Its major customers are the leading cookware manufacturing companies in the U.S.
GMM operates two manufacturing units in China and India, and can deliver its highly sophisticated engineering coatings directly to the local cookware manufacturing companies.